This whole thing WILL come to a head. The whole economy is like a beater car that’s been repaired with duct tape, wire, and some thicker motor oil.
It doesn’t keep running that way indefinitely. It does eventually break down.
The only thing keeping western civilization together right now is the duct tape of media lies and the wire is things like “QE infinity”. The thicker oil is a rank and file population that doesn’t want to see anything but the pink ponies, so they buy it, knowing deep inside that it’s not true.
And one day an event happens that brings the whole thing down. The longer it is allowed to continue on as “business as usual” even though it is anything but, the faster and greater the calamity will be when that event happens.
The whole of western civilization is waiting for the one black swan.
Bump
What cracks me up is when the say the Fed needs to keep interest rates low to SUPPORT the economy or just the FED needs to support the weak economy.
What exactly does the Fed do to support the economy? Make money out of nothing? That’s really just stealing Gradpa’s retirement to support others. He and people (savers) like him are the ones really supporting the economy. (and getting hosed by fed policies).